The Federal Reserve is increasing its stimulus program | 24 Marzo 2020
24 Marzo 2020, EUR/USD
EURUSD trading plan:
We are expecting an uptrend to develop. The Federal Reserve is increasing its stimulus program. This is a positive factor for the European currency. The Federal Reserve will continue to purchase Treasury securities and agency mortgage-backed securities in the amounts needed to support smooth market functioning and effective transmission of monetary policy to broader financial conditions. The Committee will include purchases of agency commercial mortgage-backed securities in its agency mortgage-backed security purchases.
Trading recommendation: Buy 1.0800 and take profit 1.0880.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
